Al Rajhi Bank posts 4% profit rise to $2.82bn in 2020
Al Rajhi Bank reported an annual net profit of SR 10.596 billion ($2.82 billion) for 2020, a rise of 4…
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Faisal Islamic Bank obtains Mastercard license through Network International partnership
Faisal Islamic Bank in partnership with Network International, the leading enabler of digital commerce across Africa and the Middle East…
Dubai records 51,414 real estate transactions worth over Dh175 billion in 2020
Dubai’s real estate market continued to be attractive to local and global investors in 2020, with the sector recording 51,414…
Two Abu Dhabi execs fined Dhs8bn, jailed for 15 years in money laundering case
The Abu Dhabi Criminal Court has sentenced the former chairman of the Board of Directors of a government-owned Abu Dhabi…
Exports of QDB-registered SMEs up 23% last year
The Qatar Development Bank has concluded the events of the Qatar Virtual Exhibition, which brought together top Qatari SMEs, distributors,…
JRE, Kilinc Law & Consulting, Al Sulaiti Law Firm sign MoU
Just Real Estate, Al Sulaiti Law Firm and Kilinc Law & Consulting signed a Memorandum of Understanding (MoU) on cooperation…
CMA planning to launch XBRL disclosure portal
The Capital Market Authority is preparing to launch XBRL disclosure portal through organising introductory workshops for the regulated entities about…
Kuwait taps wealth fund as cash dries up
Kuwait’s government has transferred the last of its performing assets to the country’s sovereign wealth fund in exchange for cash…
UAE sees increase in hiring levels for first time in a year
The UAE has experienced an uptick in employment levels for the first time in a year, according to the latest…
UAE’s Sky Abu Dhabi plans $950m Egypt investment in next two years
Sky Abu Dhabi, the real estate subsidiary of the UAE-based Emirati Diamond Group, will invest 15 billion Egyptian pounds ($950…
Saudi Arabia selected to chair key IMF committee
Maher Mouminah, the executive director representing Saudi Arabia at the International Monetary Fund, has been selected to chair the organization’s…
Law firm praises Saudi Arabia tax amnesty extension
A senior tax lawyer has praised Saudi Arabia’s decision to extend the tax amnesty for international companies to June 30.…